Burke averaged 18.6 points and 6.7 assists last season for the Wolverines in leading them to the NCAA Tournament championship game where they lost, 82-76, to Louisville. Burke scored 24 points in that game.

"After talking it over with my family and coaching staff and weighing all my options, I have decided to enter the NBA Draft,” Burke said at a news conference Sunday. “I feel that is the right decision for me and my future. It has been a dream of mine to play in the NBA, and I feel excited and well prepared to take that next step in my career.”

Burke debated leaving Michigan after his freshman season a year ago after averaging 14.8 points and 4.6 assists. Instead, he returned and improved in nearly every statistical category. He improved his field-goal percentage from 43.3 percent to 46.3 percent, shot better from 3-point range (38.4 percent this year compared to 34.8 percent in 2012), shot better from the free throw line, had fewer turnovers in five more games than last season and doubled his number of steals.

"Looking back, I could not be happier with my decision to return for my sophomore year at the University of Michigan," said Burke. "As a team, we showed what hard work and sticking together can do when faced with any adversity we had this year. We knew this team had the potential to make it the Final Four, and I'm proud of everything we accomplished this year. These guys will always be my brothers, and the memories we've made will stick with me forever.”

Michigan coach John Beilein said he and the Wolverines hope nothing but the best for their floor general.

"Trey's desire to be the best at everything he does has helped Michigan basketball achieve things it hadn't done in 20 years," Beilein said Sunday. "I am extremely proud of the young man he's become and believe he is prepared to take the next step in his career.”

Michigan is still awaiting several other underclassmen to make their decisions. Glenn Robinson III, Tim Hardaway and Mitch McGary could leave early.